Star's Coffee and TeasThe Shoe Hut
Which factors did you discuss in your response? Check all that apply.
The Shoe HutStar’s Coffee and Teas
excess supplyexcess demand
$1,500 $2,500$6,000
$2,500$10,000 $12,500
The Shoe Hut Star’s Coffee and Teas
The Shoe HutStar's Coffee and Teas
The Shoe HutStar's Coffee and Teas
The Shoe HutStar's Coffee and Teas
approximately 60% approximately 25%
More coffee shops are needed.Saturation has been reached.
Now, use your research to decide which business is the best choice for this community.Explain your choice in two to three sentences, using factual evidence to support your claim.
The Shoe Hut is the best business choice because the community has less competition for custom sporting goods, while survey data shows greater demand for these products than for additional coffee shops. It also requires less startup and maintenance capital because it needs less equipment, can operate in a rented building, and can initially be run with fewer employees.
Star’s Coffee and TeasThe Shoe Hut
approximately 75% approximately 25%
shoe storescoffee shops
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